AUD/USD Wyckoff Distribution

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Marked up on chart with comparison of the pattern included.

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The distribution structure has now been broken and looks like we are in the markdown stage of the wyckoff cycle.

See chart below:

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Following the successful distribution phase, im now watching for this to come into a new accumulation phase just above the previous accumulation as shown on the chart below arround the 0.66 area. Further updates will be provided as it plays out and if you want to research wyckoff accumulation patterns and see what these look like, search for it on google.

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Early prediction (speculative - don't take this as a signal)

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UPDATE with comparison of Wykoff accumulation on the chart:

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Prediction was pretty accurate.. price came down at exactly the levels I marked it to come down and the "spring" has well and truly sprung.

I think it will come back down for the "test" stage, so if you missed the spring, I think there will be another opportunity to get in.

Predicted arrows still on the chart below vs actual moves.

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Prediction of the next steps

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Guess my next steps prediction didn't pay off and the bulls are too strong, completely skipped over the test and last position of support (LPS) stages of the accumulation pattern and went straight to the sign of strength (SOS) stage.

I missed entry on the spring so well done to anyone who caught it.

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Sorry for the lack of updates on this I've been busy irl.

As shown in the last update, it completely skipped over the test and last position of support (LPS) stages and straight to the sign of strength (SOS).

This has now completed the accumulation and into the markup stages as shown on the chart below: